Mortgage Best Buys

We aim to bring you the most powerful mortgage best buy table possible, including all deals available to brokers and crucially
direct only

Unlike many other best buy tables we don't just include broker only mortgages, we also show you the direct deals. The only mortgages that might be available that we can't show are exclusives that are available to specific brokers.

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First time buyer - Depending on the lender, a first-time buyer can be someone who has never had a mortgage before or hasn't had one for at least 6 months. So check carefully with your chosen lender to make sure you fit its criteria.

Remortgaging - Someone who currently owns a property with a mortgage on it and would like to change that mortgage deal to a different deal and may well at the same time be increasing or decreasing the amount borrowed with a new or their existing lender.

Moving home - This is for someone who currently has a mortgage on their existing property and is looking to move home and get a mortgage on the new property.

£How much do you want to borrow?

How much do you want to borrow?

Use the purchase price of the property, minus any deposit you have as a first time buyer.

£How much is your property worth?

How much is your property worth?

If you're buying, put the figure you're likely to pay. If remortgaging, state what you think it's currently worth - read our House Price Valuation guide to help.

Equity:

Equity

This is the amount you own outright (that you've not borrowed).

£ 0

Deposit:

Deposit

This is the amount of cash you stump up yourself towards a purchase.

£ 0

Loan-to Value (LTV):

LTV

LTV stands for loan-to-value ratio which is the percentage of the property value you are borrowing. If you put down a £20,000 deposit on a £100,000 home, you need to borrow £80,000 which is 80% of the value, making it 80% LTV.

The LTV is important as it determines which mortgages you can apply for. The lower the LTV, the cheaper the deal, as the lender is taking less of a risk that it will be short changed if it ends up repossessing and selling your home.

Generally speaking, you need a max 75% LTV to get a decent rate and max 60% for the best rates. Interestingly, if you are close to a threshold, eg, 76%, check how much cheaper products are if you reduce the LTV to 75% by scrambling together some cash.

0%

Total mortgage term in years

Total mortgage term in years

Most people start with a 25-year mortgage term so the monthly repayments are at a manageable level. But it's not uncommon to see much longer terms for first-time buyers. This significantly reduces the monthly repayments which can be helpful when starting out. But the longer the term, the more interest you pay in the long run, so it's a balancing act. You could always start with a long term then lower it later on (though there may be a small admin fee to do this).

Conversely, if you can reduce the term it will save you interest in the long run but cost you more each month. But be careful not to push yourself to the limit as it may be more sensible to set the term at a level you can comfortably manage and then make overpayments, if allowed.

To fairly compare against your current deal, you should set the term to match the number of years you have left on your existing mortgage. This doesn't mean you have to take the same term, though, it is a benchmark to check how much you'll save (hopefully!) on the new deal. Remember, the lower the term the less interest you pay in the long term but the more you pay each month. It's sensible to set the term at a level you can comfortably manage and then make overpayments, if allowed.

You can set the term at almost anything you like, as long as it doesn't exceed normal retirement age and you can afford the repayments. Remember, the lower the term the less interest you pay in the long term but the more you pay each month. It's sensible to set the term at a level you can comfortably manage and then make overpayments, if allowed.

You have selected to pay back your mortgage in under 4 years, if you meant to search for an initial deal length instead of the mortgage length, please use the filters

The days of buying a home with less than a 5% deposit are long gone so you'll need to find a bigger deposit or consider a lower priced property.

There are sometimes a very limited range of remortgage products that offer more than 95% but please do check carefully with a broker or the lender what conditions are attached before applying.

The smallest mortgage on the market is £10,000. Please correct if this is a typo.

The rate tracks the Bank of England base rate (or in rarer cases, a rate called LIBOR). If the product starts off at 3% above base rate, it will stay 3% above during the initial period.

So if base rate goes up, so does your rate and if it drops, so does your rate. A true tracker should never break this link but some lenders retain the right to, and have done so on rare occasions, so quiz the lender or broker and check the small print carefully.

Discounted Variable

Discounted Variable

This is usually a discount off the individual lender's own Standard Variable Rate (each lender may call it something slightly different). If the lender decides to move its Standard Variable Rate then your discounted rate would move by the same margin.

Standard Variable

Standard Variable

It is rare to find an SVR product available to new customers. Typically, most borrowers will revert to this variable rate after their initial fixed/tracker/discounted/capped ends. Typically it is set quite high and the lender can move the rate at will.

All building societiesAccord MortgagesBath Building SocietyBeverley Building SocietyBM SolutionsBritanniaBuckinghamshire Building SocietyCambridge Building SocietyChelsea Building SocietyChorley Building SocietyCoventryCoventry Building Society via brokerDarlingtonDudley Building SocietyEarl Shilton Building SocietyFurness Building SocietyHanley EconomicHinckley + Rugby Building SocietyHolmesdale Building SocietyIpswichKent RelianceLeeds Building SocietyLeek United Building SocietyLoughborough Building SocietyManchester Building SocietyMansfieldMarket HarboroughMarsdenMelton MowbrayMonmouthshireNational CountiesNationwide Building SocietyNewburyNottingham PenrithPrincipalityProgressive Building Society (Northern Ireland only)Saffron Building SocietyScottish Building SocietySkipton Building SocietyStafford Railway Building SocietyTeachers Building SocietyThe Mortgage WorksTipton & CoseleyVernon Building SocietyWest Bromwich Building SocietyYorkshire Building Society

Initial Deal length:

Initial Deal length

The shorter the initial deal, the lower the rate usually is. However, a longer deal may actually be better value.

Use the filters to look at the top rates for the different lengths that could work for you. Just remember that leaving a product (or overpaying more than your lender allows) during the initial deal would usually incur an early repayment charge.

Under two years2 years3 years4 years5 years10+Life of mortgage

Early Repayment Charges:

Early Repayment Charges

An early repayment charge is a penalty for repaying the mortgage, or overpaying more than is allowed by the lender, during an initial tie-in period. This tie-in period is usually the length of the initial interest rate deal, eg, 2 year fixed or 5 year tracker.

There are many deals that do not have an early repayment charge but they tend to be slightly more expensive for this extra flexibility. Selecting this filter will significantly reduce the number and type of deals available.

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You have selected to pay your mortgage in under 4 years. Remember, this is the total length of the mortgage we're asking, which most people pay off in 25 years, not the length of your initial deal, eg, 2-year fix.

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